Tag Archives: AA News

Moonriver, a canary-test network for the Moonbeam protocol, reached a milestone this week by hitting eight million transactions on its network, becoming the leading parachain in Kusama. The platform announced on Twitter that it had reached the multi-million transaction count on Nov. 10, making it the largest adopted parachain on the Kusama Network. Moonriver is one of the many successful parachains on Kusama, and it has secured a parachain slot for 2022 with over 60+ live...

The DeFi sector has seen a massive amount of money flowing onto its ecosystem this 2021 alone. So much that trading activity on large decentralized exchanges (DEXs) has increased by over 500% – outpacing trading volumes on popular centralized crypto exchanges (CEXs), according to a new report from analytics firm Chaynalysis. 2021 Is The Year Of Decentralized Finance The report highlighted the fierce competition amongst centralized exchanges this year, with traders seeking the...

CoinDCX, one of India’s leading cryptocurrency exchanges, has listed the popular meme coin Shiba Inu (SHIB) on its retail-oriented application. Despite the country’s questionable regulatory stance on cryptocurrencies, Indian investors generate millions of dollars worth of daily trading volume on various exchanges. One of the leading trading venues is CoinDCX, and it recently announced that they are listing Shiba Inu (SHIB) on their retail-oriented CoinDCX application. The...

The United States-based cryptocurrency exchange Kraken predicted that bitcoin could increase to almost $100,000 by the year’s end and could even surpass that mark, according to some technical instruments. Bitcoin Is Set Towards New Heights In its “October 2021 Market Recap & Outlook,” the veteran platform – Kraken – explained its bullish prediction with past events. It pointed out that Q4 is usually a highly successful period for bitcoin. As such, if the leading digital...

The United States Securities and Exchange Commission has rejected VanEck’s proposal for a spot Bitcoin ETF. This comes after several delays by the agency. The global investment manager VanEck has been among the most active companies when it comes down to filing with the SEC to launch a Bitcoin ETF. In the past several years, the firm had numerous applications, with some rejected by the agency and others it had to withdraw on its own. However, the landscape in the States...

According to a recent survey conducted by Pew Research Center, the vast majority of US adults (86%) have heard at least a little about digital currencies. However, only 16% of the participants admitted they have personally invested in some of them. Americans Are Aware of Crypto The nonpartisan think tank – Pew Research Center – surveyed more than 10,000 American citizens to determine the level of crypto awareness among them. Per the results, 24% of the participants said they...

USDC issuer Circle has declared support for the Presidential Working Group on Financial Markets’ proposal to regulate fiat-backed cryptocurrency issuers like banks, stating that the move would foster ecosystem growth. Jeremy Allaire, CEO of Circle, told Yahoo Finance that it is imperative to regulate stablecoin issuers because the growth of such tokens could see the asset class widely adopted by many. “We’re supportive of that recommendation. We think [this] represents...

According to recent research published by the independent cryptocurrency outlet Protos, two companies have been responsible for buying two-thirds of Tether’s USDT total supply since its inception. The organizations, Alameda Research and Cumberland Global, had so far been the recipients of at least $60.3 billion USDT out of the $108.5 billion of Tether’s outbound transfers between 2014 and October 31, 2021, the report said. A majority of the volume, representing $49.2 billion...

The NFT marketplace of the leading cryptocurrency exchange will host the digital collections of soccer legends such as Alessandro Del Piero, Christian Vieri, and Gabriel Batistuta. With the growing demand for non-fungible tokens, Binance launched such a marketplace earlier this year and has already become the home of many digital collections, including some from the soccer space. The company announced the latest NFT set to go live on its platform in a press release seen by...

The Q3 woes have not hindered FTX.US from posting impressive figures for the same time period. As a matter of fact, the platform claims to lead all crypto asset exchanges in the United States with respect to liquidity. FTX.US’ Volume Soars More Than 500% According to the latest report, the average daily volumes of FTX.US have surged by an astonishing 512% in its Q3 than the previous quarter. The metric even increased to $807 million during a 24-hour period on the 7th of...